Bill Payment

[Asked by Guest]

Sir,

We have purchased some goods from Suppose ABC & Co.

Please note, ABC & Co. requesting us to please issue cheque in favour of our Proprietor Name suppose Ramesh Gupta.

Please advice me, Can i give cheque in favour of Ramesh Gupta. (No where mention name of Ramesh Gupta on invoice)

Regards,

Jatin Kumar

[KASTURI SETHI]

Not allowed.

Thank you very much Kasturi Sethi Ji

AI Summary

Third-Party Payment Restrictions: Cheques must not be issued to proprietor when invoice names the company.
Issuing a cheque to an individual proprietor when the invoice is in the name of the supplier company is not permitted; payments must maintain payee consistency between the cheque and invoicing documentation to preserve the proper documentary trail and compliance.